Cash ManagementLyft plans to repay its convertible notes due in May 2025, with cash on the balance sheet, indicating strong cash management.
Financial PerformanceLYFT reported a record 24.4m active riders, a 31.5% revenue growth to USD1.5bn, and a +15.6% y/y increase in Gross Bookings to USD4.1bn.
Strategic PartnershipsLyft's strategic initiatives, including its partnership with DoorDash announced in November 2024, offer DashPass subscribers discounted rides through Lyft.